Australia News

ACE USA Appoints New VP Head of Emerging Issues

ACE USA, the U.S.-based retail operations of the ACE Group of Companies, has announced the appointment of Kathleen Muedder, CPCU, as Senior Vice President, Emerging Issues. She will focus on identifying strategic opportunities for growth within ACE USA’s business units, …

Arch Expands U.K. Executive Assurance Team

Arch Capital (UK) Ltd., a subsidiary of Arch Insurance Group (US), has appointed Hedley Blane as underwriting manager with the UK’s Executive Assurance team effective from 25 February. He joins Arch from ACE Europe where he was a senior underwriter …

Aon to Push Middle-Market Captives

Chicago-based brokerage giant Aon Corp. has formed Aon Alternative Risk Underwriting (ARU), a managing general underwriter that provides group captive solutions for middle-market U.S. companies. Working through independent agents and brokers, ARU group captive solutions are aimed principally at private …

Acordia Names Central Region Controller

Acordia, Inc. announced today that Renita Wolf is the new Vice President, Regional Controller for Acordia’s Central Region. Wolf is responsible for business planning, reporting, accounting and financial statements. She will be working from the company’s Colorado Springs office. Most …

Natural Disasters More Severe and More Costly

According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion that economic and insured losses would continue to …

AIA Issues Mixed Comment on Australia Trade Pact

According to the American Insurance Association the new U.S.-Australia free trade agreement will help encourage investment and cement an effective trade partnership even though it falls short of completely eliminating trade barriers. “This trade agreement, while not perfect, will help …

Best Assigns Ratings to New Zealand’s Tower Group

A.M. Best Co. announced that it has assigned an initial issuer credit rating of “bbb-” to Tower Limited and an “A-” (Excellent) financial strength rating to Tower Insurance Limited. It said the outlook for both of the New Zealand-based companies …

Natural Disasters More Severe and More Costly

According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion that economic and insured losses would continue to …

Natural Disasters More Severe and More Costly

According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion that economic and insured losses would continue to …

Natural Disasters More Severe and More Costly

According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion that economic and insured losses would continue to …